Guatemala: Inflation continues to moderate in August
September 6, 2013
In August, consumer prices rose 0.14% over the previous month, halving the 0.30% rise recorded in July. The slight increase mainly reflected higher prices for food and housing according to the statistical institute.
Annual headline inflation moderated to 4.4%, down from 4.7% in July. As a result, inflation remains within the Central Bank's tolerance margin (plus/minus 1.0 percentage points) around its target of 4.0%. Core consumer prices added 0.04% in August (July: +0.13% month-on-month), while annual core inflation declined from 3.4% in July to 3.0% in August, the lowest level since November 2010.
FocusEconomics Consensus Forecast panelists see inflation at 4.8% by the end of the year, which is up 0.1 percentage points from last month's estimate. Next year, FocusEconomics Consensus Forecast participants expect inflation of 4.8%.